And now, for some wholly unexpected news out of the People’s Socialist Republic of California under the august leadership of Consul Moonbeam:
California State Controller John Chiang has announced that total state revenue for the month of November 2012 fell $806.8 million, or 10.8%, below budget.
Democrats thought they could hammer “the rich” by convincing voters to pass Proposition 30 to create the highest state income tax in the nation. But it now appears that high income earners have already “voted with their feet” by moving themselves and their businesses out of state, resulting in over $1 billion shortfall in corporate and income taxes last month and the beginning of a new financial crisis.
And who could possibly have foreseen that?
It’s almost as if tenants might conceivably move out if their landlords announce that their rent is going to necessarily skyrocket next month! Then, when the collectors arrive next month, they’re left scratching their heads as cobwebs gather in the suddenly empty tenement halls. Utterly BAFFLING, we tell you!
State Controller John Chiang reported:
November’s disappointing revenues stand in stark contrast to recent news that California is leading the nation in job growth,
Are those actual numbers, or are you still reading off the cooked ones that you sent out prior to Brrrarrrghh Hussein BlightBringer’s re-selection? Also, those “new jobs” wouldn’t happen to be predominantly in government services, would they?
has significantly improved its cash liquidity to pay bills,
Not sure that $1,000,000,000 in additional debt speaks very highly of your “cash liquidity”, unless you’re just talking about the increasing amount of worthless paper in circulation.
This serves as a sobering reminder that, while the economy is expanding, it is doing so at a slow and uneven pace that will require the State to exercise care and discipline in how its fiscal affairs are managed in the coming year.
Since cutting spending is clearly off the table, you could always ask the parasite electorate of California to vote to jack up taxes on the people still around to provide them with jobs even further. It worked so well the last time, didn’t it? And the last, and the last, and every single time in all of recorded human history.
But THIS time it will work out, right? And then, then we’ll have the Obamunist Obamutopia of Next Tuesday™, at long last.
Get the fuck out of California, Dear LCs still stuck there. Get out while you still may.
Wow. No one, as long as they had never picked up a history book, run a business, or scored in the triple digits on an IQ test could have ever predicted that. Californians are moving to Texas in droves. As a Texan, I have one useful piece of advice for the new transplants: leave all of the bad ideas about… Read more »
Speaking as a recent Texas transplant ( I married a native, moved here, and now I own land here… well, so long as I keep up with the payments.)… My take has been to ‘move in, sit down, and shut up’… After a couple years, and I get a feel for the place, I might feel comfortable about running my… Read more »
If they can’t figure what to do with this shit after a week, does anybody really belive they can figure out macroeconomics?
Dead Malibu whale decomposing near stars’ homes
Gosh! Who’da thunk it?!?! How dare those “feet voters” abandon the glorious realm of insane taxation? After all, it’s for the chitlins!
Sure that’s not Rosie O’Donnell, laying out ????
LC Light29ID says:
LC_Salgak @ #:
I wish I had the screencap, but Drudge had the headline right below a picture of prominent Malibu resident Barbra Streisand.
And who could possibly have foreseen that? I saw it coming, Sire……… I wish I could leave, and Texas is where I would go. I have no doubt I would fit right in. I’m polite, treat gals with respect, a sir and ma’am sort of guy, regardless of age, attend services weekly. And I love guns. But at present no,… Read more »
As a longtime lurker and first time commenter, I must say that living here in the Peoples Republic of Kalifornica has been interesting recently. I first moved here in the late sixties, and lived through a lot of the boom times, before the liberals took over completely. Now, watching my beloved home (inland, not coast) being turned into a third… Read more »
Actually, as a Texan, I can say as long as Cali’s leave their ‘socialist’ ideas in the ‘State that shall surf to Denver when the big Quake comes’, they are welcome.
I wish I could sell my house for X millions and move to Texas and buy pretty much the same house for Y thousands.
I’ve spent my life here, on this lonely outpost bordering on Mordor the People’s Democratic Republic of Kalifornistan. When I was a kid, California was the Promised Land. Trips down south to Disneyland, the San Diego Zoo and even over to Sacramento were like stepping into another world. It’s otherworldly today, too. California has the finest climate in the world.… Read more »
LC Draco @ #: Problem is – they don’t. And for all the talk on Conservative radio glowing about how Cali’s one of the ‘shrinking states’ – the flip-side of that is that those with the means to leave are largely the same ones who voted along the way to make that state what it is today… …and they HAVE… Read more »
Ozone, I too am inland. Where are you? Roughly, of course. A small town some fifty miles north of Fresno, in between I5 and 99. I used to refer to the California aqueduct as the moat, my wife busting up laughing, separating the coast from the valley folks. I love this valley, even now, driving by on highway 152, seeing… Read more »
LC MuscleDaddy @ #:
MD, I was born in CO, be it a long time ago, but I love the state, as a STATE. People can be a pain in the ass, but the beauty that is CO is amazing. Only close to Alaska.
And moving to N. GA.? Near here? =)
Draco a pox on you,
Colorado is a pretty place but it is not anything like my Alaska.
LC HJ Caveman82952 says:
We’re about 15 miles south of Carson City, near Minden.
BTW, Didn’t mean to come across as such a grouchy bastard. Some of my best friends are prune-pickers. 😉
LC HJ Caveman82952 @ #:
Soviet Monica, here
Refugees are always welcome with one caveat: We don’t care how you did it in California. Leave that attitude at the border and don’t try to turn this place into the mess you left behind. Like Oregon, Washington, and Colorado, which all used to be more like Utah and Idaho. And they wonder why in the Great Northwest, “californian” is… Read more »
Moriarty, #15. You didn’t. Actually I chuckled. Prunes, eh? Fast starts even in cold weather….. There are lefties here, the infestation far, far less than the shitties. Most learn to keep their mouths shut publicly, vets respected and honored, people haters, nature freaks need not apply. This is farm country, we’ve seen first hand what their so-called benevolence has done… Read more »
Special Ed @ #17: Well, we here in The Peepul’s Republik of Washington State have been thoroughly been Californicated – look at the recent vote legalizing Marijuana and Gay Marriage! The Californicators all moved up to Seattle and Portland and now resemble Kalifornica, and we here in the Right Side of the state have to put up with their crap.… Read more »
Ok, one thing about Cali…I was stationed in San Diego (at the Depot) for over five years (w/a 3rd MarDiv tour in between and TADs to the Stumps) and I had to be dragged kicking and screaming out of there. For me from ’84 to ’90 it was paradise. The weather, the beach, the LADIESSSS (including a PB Playmate I… Read more »
A friend of mine reported that her full time job, has been cut to 28 hours per week. This is in Illannoy. Another Marxist “paradise”. Also another state that is broke as fuck.
LC HJ Caveman82952 @ #18: My wife’s family are all descended from Swiss immigrants to the Central Valley (Salinas.) Her great-uncle was a grade school classmate of John Steinbeck. It drives me crazy to see what the morons in Sacramento have done to California. Probably 90% of the people who live here now are from California. The vast majority are… Read more »
you may have governor moonbeam but we have the missing link for governor and the same economy because we are run buy union thugs and progressives who have spent us so far into the hole that there is no way we can pay it off.the state that i built our home in the woods is the same because it is… Read more »
I grew up on the left coast, southern California, in a small (at that time) town named Brea, situated 7 miles north of Disneyland. Year ’round activity was parking with a date (female) in the oilfields (hills) north of town, drinking beer, and getting a little in the back seat. The high school I went to had a machine shop,… Read more »
LC Draco @ #:
Why, as it happens, Yes.
Hmmm… sounds like the beginning of ‘A.T. RottFest’…
I used to want to move to California a long time ago, primarily for the culture out there and the idea that I could find a different life more suitable for me. I just don’t understand moving there right now, you’ve got a dysfunctional economy that seems to want to dissuade newcomers from pursuing their dreams there even if I… Read more »
I retired from the AF out of Los Angeles AFB (yes, there is such a place) and couldn’t put Californistan in my rear window quickly enough. Now back in Sweet Home Alabama. Not Texas, but not bad. We can legally keep Class III firearms in our houses, and every once in a while a lot of money gets run through… Read more »
Library Czar @ #:
I said CLOSE to Alaska!!
LC MuscleDaddy @ #:
I will NEVER forget that phase of Ranger School….damn civies were cooking bacon as they were prepping to walk the Appalachian Trail. We fuckers were starving!!!
LC Draco @ #:
And years have passed – we are old – and now we get to do it to a new set of poor saps…. mmm, bacon!
LC MuscleDaddy says: Colorado used to be a nice place, But you still have the last outpost of civilization, the Dutch Brothers, in Colorado Springs. I am now living in Arkansas, not a bad place but over 800 miles from the nearest source of the blessed elixir. When I was in the Navy I was, mostly, stationed in California. The… Read more »
LC Xealot @ #: (Sorry I am a rookie at this new response system) I left Maryland in 2004 myself, and supposedly the governor there has been spending and spending so much money. The only solutions that Liberals have when it comes to overspending is to increase taxes, which makes an economy more dysfunctional and increases the number of businesses… Read more »
I got out in June, will only go back to visit my children, who don’t have the fortune that I did in being able to leave.
my wife and I have considered retiring in one of the oceanfront communities that dot the 101 north of San Diego, but we’re starting to look elsewhere. I love that part of California, love those little beach towns, but jeez….the stupidity of the government and the tax rates make it impossible to justify the move….Ditto Hawaii, my dream for years… Read more »
LC Xealot says: I bailed out of California in 2004. Glad I did. Of course, it won’t be long until California-style politics starts creeping up here in Florida too. This state went for Obama, after all. When I joined the Navy in 1969, I didn’t intend for that to be a bailout but looking back, what I thought were bad… Read more »
Jaybear, Colonel of Imperial Ancient Artillery @ #:
Fa Cube Itches @ #:
I’ll be there Tuesday….
Just got back from a weekend in Oakland. (Had to go there to ensure that son and d-i-l could throw a proper party for two year-old grandson.) In the car on the way to the airport, The Ex commented on how HAPPY everyone looked in California. I swear, that woman was NOT that fucking stupid when I married her. The… Read more »